secwatch.observer — SEC 8-K summary
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Issuer:     MARTIN MARIETTA MATERIALS INC (MLM)
CIK:        0000916076
Form:       8-K
Filed at:   2024-11-04T23:59:59+00:00
Accession:  0000950157-24-001472
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Martin Marietta issues $1.5B in senior notes (5.150% due 2034, 5.500% due 2054)
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- Issued $750M of 5.150% Senior Notes due 2034 and $750M of 5.500% Senior Notes due 2054.
- Net proceeds used to repay revolver and securitization borrowings; remainder for general corporate purposes.
- Notes are senior unsecured, rank equally with existing senior debt, effectively subordinated to secured debt and subsidiary liabilities.
- Optional redemption: make-whole +15bps (2034) or +20bps (2054) prior to Par Call Date; thereafter at par.
- Change of control triggers repurchase at 101% of principal plus accrued interest.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/916076/000095015724001472/0000950157-24-001472-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/916076/000095015724001472/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0000950157-24-001472

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